Results 61 to 70 of about 597 (192)
The Decentralization of Liquor Policies in Texas During the Post‐Prohibition Era
ABSTRACT We examine the decentralization of liquor policies in Texas during the Post‐Prohibition era using newly collected historical legislative roll call data. By combining these data with local referendum vote shares, we analyze both legislators' and constituents' preferences on liquor policy.
Andrew Arnold, Holger Sieg
wiley +1 more source
How Does Progressivity Affect the Tax Cut Multiplier?
ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley +1 more source
ABSTRACT This paper applies the efficiency, equity and voice (EEV) framework to dispute resolution mechanisms in Brazilian banking, empirically extending it in three ways: separating procedural from accessible equity; recognising collective strategic value beyond individual dispute performance; and treating efficiency‐equity trade‐offs as ...
Paulo Marzionna
wiley +1 more source
ABSTRACT Official discourse suggests that 12% of Britain's workforce engages in precarious work where non‐compliance is concentrated. Research reported here suggests this provides a partial picture and that, in specific sectors, non‐compliant employers, organized crime groups and criminalized employment are ceded by the state, where many ...
Ian Clark +3 more
wiley +1 more source
Sentencing in the Shadow of Promotion: The Impacts of Circuit Court Nomination on Federal Judges
ABSTRACT Judges seek to maximize their own utility, like everyone else. Their goals include job security and promotion. Federal judges lack the electoral incentives that often drive state judges, but they could audition for promotion. I test whether they audition for promotion in their criminal sentencing.
Nicholas Goldrosen
wiley +1 more source
Policy Biases in a Model with Labor‐Market Frictions
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley +1 more source
RPM and Vertical Integration With Upstream Competition and Noncontractible Efforts
ABSTRACT We study RPM and vertical integration in a common agency setting with two differentiated manufacturers and one retailer, where consumer demand depends on both the manufacturers' and retailer's noncontractible efforts. Under vertical separation, the adoption of maximum RPM by both manufacturers is an equilibrium and intensifies competition ...
Michele Bisceglia +3 more
wiley +1 more source
Make or Buy Decisions and Data Sharing
ABSTRACT Firms can share data to discover potential synergies between their data sets and algorithms, eventually leading to more efficient mergers and acquisitions (M&A) decisions. However, data sharing also modifies the competitive balance when firms do not merge, and a company may be reluctant to share data with potential rivals.
Antoine Dubus, Patrick Legros
wiley +1 more source
Lurking Patent Claims and Strategic Royalty Contracts
ABSTRACT This paper analyzes optimal licensing contracts when a licensee faces the risk of future infringement claims by unknown patent holders. In a setting where a noncompeting licensor contracts with a monopolistic manufacturer, fixed‐fee licensing is optimal absent such claims.
Jay Pil Choi
wiley +1 more source
This paper presents a novel Nash bargaining solution (NBS)-based cooperative game-theoretic framework for power control in a distributed multiple-radar architecture underlying a wireless communication system.
Chenguang Shi +4 more
doaj +1 more source

